Far East Capital Newsletter
Enthusiasm dropping back a gear. Introducing Los Cerros
29 Aug 2020

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Enthusiasm dropping back a gear. Introducing Los Cerros

The frenzy that was driving the mining sector seems to have dropped back a gear or two, along with the correction in the gold price. What is next? Maybe we go through a bit of a lull while we wait for the gold bulls to gain control again. For the time being the established gold producers look as if they want to go lower.

Don’t look to copper for inspiration just now. After a period of strong gains the copper price has been going sideways since early July, even while LME stocks fell below 100,0000 tonnes for the first time since 2007. As with gold, the buying seems to have run out of momentum for copper stocks.

Los Cerros (LCL) is an interesting gold explorer operating in the Risaralda State of Colombia, in the Mid-Cauca miocene porphyry belt that hosts large gold and copper deposits such as Titiribi (10.6 Moz), Marmota (14.4 Moz) and Nuevo Chaquiro (30 Moz AuEq).
 

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